Global Animal Health Market Analysis & Outlook (2018-2022)
provides an extensive research and detailed analysis of the present
market along with future outlook. The report discusses the major growth
drivers and challenges of the market, covering North America, Europe,
Asia-Pacific regions along with the global market.

Animals, like humans, also suffer from diseases and hence require proper
care from veterinarians, farmers and pet owners. Improving the health of
companion animals and livestock and treating them is the foremost
objective of animal health industry. The animal health industry can be
broadly classified into two parts - production and companion segments.
Every animal has distinct need of its own and thus, requires different
treatments in accordance to its breed. Further, on the basis of
products, animal health market is divided into three main sections:
pharmaceuticals, vaccines, and medicinal feed additives.

The key factors driving the growth of animal health market include
rising disposable income, urbanization, rising demand for animal
protein, faster regulatory approvals, increasing pet expenditure in the
U.S., and favorable demographic supporting pet market. Some of the
noteworthy trends and developments of this industry include
consolidation of the market, increasing companion ownership, and rising
incidences of zoonotic diseases. However, the expansion of animal health
market is hindered by highly competitive landscape for new entrants and
high cost of product development.